Discuss CIMA CIMAPRA17-BA4-1 Exam Topic 1 Question 69

Which THREE of the following statements are correct regarding the CIMA Code of Ethics for Professional Accountants?

AWhere a statutory requirement is in conflict with a provision of the CIMA Code, the CIMA Code requirement prevails

BThe CIMA Code is mandatory for all CIMA members and students, and is applicable to all professional services.

CThe CIMA Code imposes an obligation on CIMA members and students to comply with relevant laws and regulations

DProfessional accountants should consider the ethical requirements contained in the CIMA Code as the basic principles which they should follow in performing their work

EThe CIMA Code is an example of a compliance driven ethical framework

Suggested Answer: A, B, C

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12 comments · newest first

Sharika 12 months ago

The CIMA Code is definitely compliance-driven, no doubt about it!

Carmelina 12 months ago

I think the ethical principles are just guidelines, not strict rules.

Paulina 1 year ago

Wait, does the CIMA Code really prevail over statutory requirements?

Cecilia 1 year ago

Totally agree, compliance with laws is a must!

Cruz 1 year ago

The CIMA Code is mandatory for all members, right?

Stacey 1 year ago

I practiced a similar question before, and I think C and D are safe bets, but I’m not confident about A and E.

Paul 1 year ago

I feel like D makes sense too, as it talks about the ethical principles we should follow, but I’m a bit confused about E being a compliance-driven framework.

Deane 1 year ago

I remember discussing that the CIMA Code emphasizes compliance with laws, so C should be one of the correct answers.

Royal 1 year ago

I think statement B is definitely correct since the CIMA Code applies to all members and students, but I'm not sure about A.

Leota 1 year ago

Hmm, I'm a little unsure about this one. The exhibit doesn't give us much detail on the network topology, so it's hard to know exactly what the engineer is trying to achieve. I'll have to think through the OSPF area types carefully to figure out the best solution.

Lajuana 1 year ago

Okay, let's think this through step-by-step. We have the budget at completion, the current percent complete, and the amount spent so far. I think we need to calculate the planned value and the earned value to determine the schedule performance index.

Billy 1 year ago

Okay, let me think this through. We need to identify the network packet loss, so we'll need to look at some kind of network monitoring or performance data, not just the Teams admin reports. I'll have to dig a little deeper to find the right approach.

CIMAPRA17-BA4-1 Exam - Topic 1 Question 69 Discussion